Chicago's Bring Chicago Home campaign aims to address affordable housing for veterans

Military veterans arrive for an event designed to help veterans who are experiencing homelessness or housing insecurity on June 16, 2023, in Chicago , Illinois., the campaign director of the Bring Chicago Home referendum campaign. The Bring Chicago Home ballot amendment would shift the city’s flat-rate Real Estate Transfer Tax of .75 percent to a, with a 0.6 percent tax on sales under $1 million, and a 2-3 percent progressive tax on sales over $1 million.

The money earned through this measure is designed to serve as a source of funding to address affordable housing, especially for those experiencing homelessness in Chicago. Not surprisingly, as Ransby-Sporn notes, the real estate lobby in Chicago has been relentless in undermining and challenging this referendum, including mounting a legal challenge against it. In February, Cook County CircuitAfter the Chicago Board of Elections appealed, Judge Raymond Mitchell reversed Burke’s February decision on March 6, allowing the question to remain on the March ballot.. Unlike these other cities, however, Chicago does not have a dedicated funding stream to help combat the crisis. Bring Chicago Home represents a critical step in this direction by providing the city with some committed funding for fighting houselessness, in addition to asserting metropolitan agency, establishing political willpower and respecting voters’ voice

Chicago Bring Chicago Home Affordable Housing Veterans Homelessness Real Estate Transfer Tax Campaign

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